Guocoland places over RM2b bid for Singapore’s Lentor Central MRT site
SINGAPORE (July 26): Guocoland has placed an offer of more than S$784 million (about RM2.
Vaccination progress to lead recovery in REIT sector, says AmInvestment Bank
KUALA LUMPUR (July 26): The current lacklustre performance of retail real estate investment trusts’ (REITs) share prices offers investors a good opportunity to invest in quality retail REIT assets whose property values have remained largely intact despite the Covid-19 pandemic, AmInvestment Bank said.
MoF launches JanaNiaga to assist SMEs maintain cash flow
KUALA LUMPUR (July 22): The Ministry of Finance (MoF) today launched the National Supply Chain Finance Platform, dubbed as "JanaNiaga", with an aim to assist small and medium enterprises (SMEs) in maintaining a healthy cash flow while also limiting credit risk to financiers or financial institutions in Malaysia.
EMCO in Selangor to be lifted at midnight, says DPM
KUALA LUMPUR (July 16): Deputy Prime Minister (DPM) Datuk Seri Ismail Sabri Yaakob said the Enhanced Movement Control Order (EMCO) imposed on all 34 sub-districts in Selangor will be lifted at midnight tonight.
AmInvestment Bank maintains cautious outlook on property market
PETALING JAYA (July 15): AmInvestment Bank Bhd maintains a cautious outlook on the property market in the second half this year in view of the current situation - the spiking number of Covid-19 daily cases and extended lockdown that could cause a slower-than-expected recovery.
World Bank: Benefits to global growth 'in the trillions' if advanced economies release extra vaccines
KUALA LUMPUR (July 15): Global growth could add "several percentage points" and see benefits "in the trillions" if advanced economies release their extra vaccines to help developing countries whose reopening has stalled due to lack of vaccines, World Bank president David Malpass said.
Ekovest deal to buy into IWH-CREC lapses after Bandar Malaysia deal fell through
KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya's RM7.
Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses
KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.
Bandar Malaysia: Share sales deal lapsed on May 6
KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.
Bank Islam receives 108,936 applications under PEMULIH repayment assistance package
KUALA LUMPUR (July 12): Bank Islam Malaysia Bhd is currently assisting 108,936 accounts with a total outstanding financing amount of almost RM12.
